Steel output is set to climb 11.2 per cent this year, more than compensating for the decline in 2009 of 10.3 per cent which was the biggest for more than 60 years, according to industry projections.
The recovery will be led by countries other than China, which for the first time in a decade is likely to see its steel output rise at a lower rate than the rest of the world.
According to the average of projections provided to the Financial Times by six industry experts, countries apart from China in 2010 are likely to expand production 15 per cent, against a rise of 7 per cent in China.
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